Barclays has announced the arrival of two senior bankers from Deutsche Bank and HSBC to its transaction banking business.

James Binns (pictured) has joined as Barclays’ new global head of trade and working capital. He replaces Baihas Baghdadi, who left the bank last month, as previously reported by GTR.

Binns moves from Deutsche Bank, where he had been since 2014, most recently as head of cross-product solutions, cash management. He previously worked at HSBC in a variety of trade roles across a number of locations.

In his new role, he will focus on growing and digitising the trade finance business.

Robin Terry, meanwhile, has been appointed as Barclays’ vice-chairman of cash management. He leaves behind a 37-year career at HSBC, where he was most recently head of European sales for global liquidity and cash management.

He is now tasked with building Barclays’ European cash management business together with Andres Baltar, the bank’s head of Europe.

Barclays’ head of transaction banking Dan Roberts says the hires form part of a move to “accelerate the development of our trade finance and cash management propositions”.

“We have big ambitions to grow our business in both areas, and by attracting people of their calibre to spearhead our work, we’re ideally positioned to attract new clients and do more with the companies we already support,” he says.